Changelight Receives LED Lighting Subsidy from Xiamen Government

The Xiamen Torch Hi-tech Industrial Development Zone management committee has signed an “Investment Agreement” with Changelight’, according to a recent company announcement.

The committee has agreed to subsidize up to 48 percent of Changelight equipment costs for InGaN EPI-wafer MOCVD equipment for LED production. However, the subsidy is capped at RMB 5 million (US $810,000) per equipment, and only for 50 machines bringing the maximum subsidy to RMB 250 million. The subsidy will be paid in instalments.

Changelight has invested RMB 5.0 billion to add 100 MOCVD equipment xpand production of InGaN LED EPI-wafer, chips and lighting products. The expansion will be implemented in two phases. Initially, RMB 2.0 billion will be invested in the purchase of 50 MOCVD equipment and the establishment of production lines, facilities, auxiliary equipment, and factories. The expansion will be carried out close to the company’s Xiangan factory in the Xiamen Torch Hi-tech Industrial Development Zone.

Under the agreement, the 50 MOCVD equipment must be initiated and enter production within one year of the investment agreement, and no later than late September of 2015. If the company fails to complete the 50 MOCVD installation from the first phase, Xiamen authorities will withdraw financial support for the second phase of the expansion project. The company plans to invest RMB 3.0 billion in the second installation phase which will span for two-years. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

XLamp® XP-L Photo Red S Line LEDs Deliver High Efficiency for Horticulture Applications Revolutionizing Horticulture Lighting with Cree LED Cree LED is committed to delivering innovative lighting solutions for horticulture and agriculture,... READ MORE

For most of history, humans used flames to generate light. Eventually, they discovered that a super-heated metal element in a light bulb could produce useful illumination, only for this technology to be superseded by the LED. One common featur... READ MORE